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WKN: A2QAQY | ISIN: CA05466C1095 | Ticker-Symbol: 0HE1
Tradegate
26.11.25 | 21:58
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Aya Gold & Silver Inc.: Aya Gold & Silver Reports Best Ever Mineral Intercept at Boumadine and Identifies New High-Grade Parallel Structure

MONTREAL, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce its strongest mineralized intercept to date, featuring a long, high-grade interval that results in a record metal factor, alongside the identification of a new high-grade parallel structure, both from the ongoing 2025 drill program at Boumadine in the Kingdom of Morocco. The results, several of which sit outside the current PEA pit shell, confirm strong high-grade continuity along the Boumadine Main Trend and supports the potential for continued resource growth and the Project's emerging world-class scale.

Highlights1

Boumadine Main Trend (5.4km)

  • Best-ever mineralized intercept:
    • BOU-MP25-087 intercepted 2,323 g/t silver equivalent ("AgEq") over 15.0 metres ("m") (3.31 g/t Au, 1,900 g/t silver ("Ag"), 4.8% zinc ("Zn"), 1.8% lead ("Pb") and 0.03% copper ("Cu"), including 3,858 g/t AgEq over 8.7m (5.37 g/t Au, 3,208 g/t Ag, 6.3% Zn, 2.8% Pb and 0.05% Cu).
  • New high-grade parallel structure with a long, continuous mineralized interval:
    • BOU-DD25-623 intercepted 540 g/t AgEq over 47.3m (0.94 g/t Au, 399 g/t Ag, 1.4% Zn, 1.2% Pb and 0.03% Cu), including 681 g/t AgEq over 10.6m (1.84 g/t Au, 489 g/t Ag, 1.3% Zn, 0.6% Pb and 0.04% Cu) and 1,286 g/t AgEq over 11.7m (1.55 g/t Au, 1,002 g/t Ag, 3.0% Zn, 3.5% Pb and 0.1% Cu).
    • The newly identified parallel structure is significant due to its width and high-grade nature, opening further exploration potential. As a newly recognized zone within the Main Trend, it holds the potential to positively impact the overall resource.
  • Multiple additional high-grade intercepts:
    • BOU-RC25-026 intercepted 3,336 g/t AgEq over 6.0m (37.03 g/t Au, 334 g/t Ag, 2.8% Zn, 1.0% Pb and 0.2% Cu), including 8,163 g/t AgEq over 2.0m (102.38 g/t Au, 94 g/t Ag, 2.4% Zn, 1.0% Pb and 0.1% Cu) - located approximately 75m south of the current Central pit shell.
    • BOU-DD25-633 intercepted 862 g/t AgEq over 3.1m (9.82 g/t Au, 51 g/t Ag, 1.2% Zn, 0.1% Pb and 0.2% Cu), including 1,983 g/t AgEq over 1.2m (23.66 g/t Au, 82 g/t Ag, 1.2% Zn, 0.1% Pb and 0.3% Cu).
    • BOU-RC25-043 intercepted 268 g/t AgEq over 9.0m (2.69 g/t Au, 45 g/t Ag, 0.1% Zn, 0.1% Pb and 0.1% Cu), including 432 g/t AgEq over 5.0m (4.44 g/t Au, 67 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu).
  • Exploration Update:
    • 133,003m drilled at Boumadine year to date.

"The new high-grade parallel structure in the southern portion of Boumadine's Main Trend with hole BOU-DD25-623, together with our best-ever mineralized intercept in hole BOU-MP25-087, a 15.0m interval of exceptionally high-grade 2,323 g/t AgEq, confirms that Boumadine still has substantial upside to unlock," said Benoit La Salle, President & CEO. "These large, high-grade intervals - including the newly identified southern parallel structure and mineralization outside the current PEA pit shells, highlighted by the wide, high-grade BOU-RC25-026 intercept located 75 metres south of the current Central pit shell - all point to a growing resource, larger ultimate pit extents, and increasing scale. With nine drill rigs active, we are completing the 2025 exploration program and kicking off the 360,000-metre infill program outlined in the PEA, with up to 12 to 16 drill rigs expected to be operational in the first quarter, demonstrating Boumadine's world-class potential."

Table 1 - Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)

DDH No.

FromToAuAgLength*CuPbZnMoAg Eq**
(m)(m)(g/t)(g/t)(m)(%)(%)(%)(g/t)(g/t)
BOU-DD25-599493.3495.13.741921.80.30.50.63533
BOU-DD25-602280.2286.22.22306.00.10.20.718236
Including282.9284.94.81482.00.20.20.625458
BOU-DD25-602304.9305.92.204081.00.40.30.111623
BOU-DD25-606274.4276.47.71652.00.30.10.17700
BOU-DD25-608384.5386.55.212442.00.20.70.78704
BOU-DD25-613170.0173.19.82513.10.20.11.25862
Including170.0171.223.66821.20.30.11.221,983
BOU-DD25-617558.5561.22.82352.70.10.00.010266
BOU-DD25-622248.0249.00.031141.00.25.710.723535
BOU-DD25-623182.9230.20.9439947.30.01.21.444540
Including189.0199.61.8448910.60.00.61.330681
Including216.5228.21.551,00211.70.13.53.0751,286
BOU-DD25-623694.0698.31.02974.30.10.10.110186
BOU-DD25-627776.1777.54.60361.40.30.10.05424
BOU-DD25-633275.8282.00.552936.20.04.32.1193498
BOU-DD25-633314.3319.01.45694.70.10.85.377339
BOU-MP25-08183.090.00.602577.00.14.14.08506
BOU-MP25-081145.0151.00.73576.00.11.01.789188
BOU-MP25-081183.0185.01.732402.00.03.25.11127602
BOU-MP25-081196.0201.00.553495.00.11.62.3181499
BOU-MP25-086352.4356.00.95443.60.00.92.022191
BOU-MP25-087112.0117.00.692095.00.02.03.236396
BOU-MP25-087138.4153.43.311,90015.00.01.84.81262,323
Including142.0150.75.373,2088.70.02.86.31673,858
BOU-MP25-087160.0164.81.183114.80.04.04.4282614
BOU-MP25-088539.5543.51.24574.00.10.53.615261
BOU-MP25-088584.6588.11.16323.50.10.50.14148
BOU-MP25-092320.0322.30.783612.30.03.13.61094610
BOU-RC25-02650.056.037.033346.00.21.02.8903,336
Including50.052.0102.38942.00.11.02.4948,163
BOU-RC25-027133.0137.02.10944.00.21.05.318432
BOU-RC25-039166.0168.01.39742.00.13.37.130448
BOU-RC25-04022.023.00.037341.00.00.00.05737
BOU-RC25-043146.0149.02.30173.00.00.10.110203
BOU-RC25-043152.0161.02.69459.00.10.10.113268
Including154.0159.04.44675.00.20.10.114432

* True width remains undetermined at this stage; all values are uncut.

(1) Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag

Figure 1

Figure 1: Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2025 Drill Holes

Figure 2

Figure 2: Boumadine Property Surface Plan with New Permits and 2025 Drill Holes

2025 Exploration Results

This year, 408 diamond drill holes ("DDH"), 59 reverse circulation holes ("RC") and 20 multi-purpose drill holes ("MP") totaling 133,003m have been completed at Boumadine (Figure 1, Figure 2 and Appendix 2). Drilling was conducted on strike along the Main Trend, Tizi, Imariren as well as on some regional targets. Most results have been received for drill holes up to BOU-DD25-612 (Table 1, Figure 3, Figure 4 and Appendix 1).

Today's results highlight the best-ever mineralized interval received so far at Boumadine, with Hole BOU-MP25-087 returning a metal factor of 34,850 g*m (AgEq). Results received so far in 2025, including Holes BOU-RC25-026, confirm the high-grade continuity of the Main Trend, which remains open in all directions. In addition, Hole BOU-DD25-623 in the South identified a new high-grade parallel structure (Figure 6) that will require follow-up drilling.

Many significant intervals also demonstrate the potential to increase the size of the open-pits reported in Boumadine's PEA earlier this year (Figures 3-6).

The main mineralization generally measures 1m to 4m wide (locally reaching over a 10m width) N340-oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Tizi and Imariren share the same characteristics except for their N000 orientation.

Figure 3

Figure 3 - Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results

Figure 4

Figure 4 - Surface Plan of Boumadine South Zone with New DDH Results

Figure 5

Figure 5 - Section 7975N with Drill Hole BOU-RC25-026 in the Central Area of Boumadine with New DDH Results

Figure 6

Figure 6 - Section 6625N with Drill Hole BOU-DD25-623 in the South Area of Boumadine with New DDH Results

Next Steps

Infill drilling, following the positive PEA, will be ongoing for the next 24 months with a program of approximately 360,000m.

Significant upside potential exists to expand the Boumadine Main Trend, which currently extends 5.4km, the Tizi Zone, which currently extends 2.0km and the Imariren Zone, with a current extension of 1.2km; the three trends remain open in all directions. In addition, follow up drilling will take place at the 8km Asirem trend. Aya is currently completing the 140,000m drilling program and is set to begin the 2026 program ahead of schedule. Half of the drilling is focused along the Main Trend, Imariren and Tizi to continue extending the known mineralization trend along strike and at depth and to infill known areas advancing the project towards a preliminary economic assessment. The remaining 50% focus on greenfield exploration designed to test geological hypotheses and drill targets generated from the past three years of work. The results from ongoing geology work will determine additional development work.

Technical Information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core and RC chips. For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment ("Afrilab") in Marrakech, Morocco. For drilling using RC, all individual samples represent 1.0m in length and a representative portion is kept for every meter in some chip trays stored on site. A split samples representing 1/16th, ranging from 2 to 4 kilogram is sent for preparation and assaying to African Laboratory for Mining and Environment ("Afrilab") in Marrakech, Morocco.

All samples are analyzed for silver, copper, iron, lead, zinc, tin, and molybdenum using Aqua regia and finished by atomic absorption spectroscopy ("AAS"). Samples grading above 200 g/t Ag are reanalyzed using fire assaying. Gold is assayed by fire assaying. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified Person

The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, P. Geo, Vice-President Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective Anti-Atlas Fault, several of which have hosted past-producing mines and historical resources.

Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans.

For additional information, please visit Aya's website at www.ayagoldsilver.com-

Or contact

Benoit La Salle, FCPA, MBA
President & CEO
Benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com


Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as "discover", "identifies", "world-class", "confirms", "potential", "growth", "upside", "grow", "larger", "increase", "advancing", "expand", "promising", "expected", "significant", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might", "will", or are "likely" to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the continuity of the mineralization and its grade, the potential to meaningfully grow resources and for all deposits grow in any direction, the potential for any drilling result to confirm the existence of a new zone,, the new Asirem zone to extend to 10km as indicated by the geophysics, the new corridors to translate into new exploration opportunities, the existence of a significant upside to expand the Boumadine Main Trend and all related resource growth at Boumadine, and to execute on planned drilling in the area through the remainder of 2025 and 2026. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at www.sedarplus.ca. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise

This press release contains "forward-looking statements" or "forward looking information" within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations, estimates and projections regarding Aya's future growth and business prospects (including the timing and development of deposits and the success of exploration activities) and other opportunities as of the date of this press release.

All statements, other than statements of historical fact included in this press release, regarding the Corporation's strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Wherever possible, words such as "anticipate", "expect", "plan", "believe", "objective", "estimate", "assume", "intend", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might", "will", or are "likely" to be taken, occur or be achieved, have been used to identify such forward-looking information. Forward-looking statements in this press release include, but are not limited to statements with respect to opportunities for resource growth and expected next steps in the development of the Project.

Appendix 1 - Full Drill Results from Boumadine (core lengths)

DDH No.

FromToAuAgLength*CuPbZnMoAg Eq**
(m)(m)(g/t)(g/t)(m)(%)(%)(%)(g/t)(g/t)
BOU-DD25-503194.9195.71.84390.80.01.11.65249
BOU-DD25-503206.6207.90.6671.30.00.10.3568
BOU-DD25-5580.0630.0 NSR
BOU-DD25-563510.1511.10.89391.00.10.52.35182
BOU-DD25-56448.549.22.2110.70.00.00.02176
BOU-DD25-564381.7382.20.19480.50.03.41.65186
BOU-DD25-564489.0490.00.031541.00.10.00.09161
BOU-DD25-564498.5499.00.6710.50.00.10.2660
BOU-DD25-584504.7505.33.402510.61.21.30.618669
BOU-DD25-5870.0201.0 NSR
BOU-DD25-5910.0213.0 NSR
BOU-DD25-5950.0150.0 NSR
BOU-DD25-5970.0168.0 NSR
BOU-DD25-5980.0216.0 NSR
BOU-DD25-599481.0482.00.7541.00.00.00.0366
BOU-DD25-599493.3495.13.741921.80.30.50.63533
BOU-DD25-599562.7564.00.63511.30.02.42.53220
BOU-DD25-599602.7603.22.00290.50.10.80.24220
BOU-DD25-599732.3732.91.39510.60.02.32.576278
BOU-DD25-60147.048.00.4981.00.00.00.01448
BOU-DD25-602280.2286.22.22306.00.10.20.718236
Including282.9284.94.81482.00.20.20.625458
BOU-DD25-602301.5303.30.53291.80.00.10.11778
BOU-DD25-602304.9305.92.204081.00.40.30.111623
BOU-DD25-602317.0318.01.391531.00.30.80.34314
BOU-DD25-602345.4346.20.30760.80.13.53.432276
BOU-DD25-602409.6411.82.09352.20.10.20.44223
BOU-DD25-602686.9687.70.51590.80.00.81.43155
BOU-DD25-6030.0330.0 NSR
BOU-DD25-6040.0459.0 NSR
BOU-DD25-60589.090.00.9211.00.00.00.0674
BOU-DD25-605712.0713.01.1061.00.00.10.11100
BOU-DD25-605747.0747.90.56120.90.10.40.1571
BOU-DD25-6051,069.11,070.10.8071.00.10.40.62103
BOU-DD25-6051,137.91,138.93.0321.00.10.00.11247
BOU-DD25-6051,221.01,232.01.35411.00.20.00.14125
BOU-DD25-60676.577.30.74400.80.00.90.84141
BOU-DD25-60681.682.20.63140.60.00.30.5184
BOU-DD25-606249.3251.22.5291.90.20.20.29232
BOU-DD25-606274.4276.47.71652.00.30.10.17700
BOU-DD25-606283.2283.71.79300.50.11.42.78281
BOU-DD25-606373.0373.50.071570.50.611.37.212660
BOU-DD25-606408.4409.20.76320.80.00.40.324112
BOU-DD25-606438.6439.41.7670.80.00.00.029147
BOU-DD25-608255.9256.40.91220.50.10.31.06131
BOU-DD25-608384.5386.55.212442.00.20.70.78704
BOU-DD25-608388.9389.91.10101.00.00.10.17102
BOU-DD25-608391.2393.81.09122.60.10.10.18110
BOU-DD25-608397.0397.60.7090.60.00.71.714124
BOU-DD25-608510.8511.40.55230.60.20.53.027165
BOU-DD25-608532.0533.00.8011.00.00.00.0665
BOU-DD25-609200.9201.70.58130.80.10.37.33253
BOU-DD25-609240.0241.00.03771.00.00.10.4493
BOU-DD25-609267.1268.03.97800.90.30.10.05416
BOU-DD25-609269.6270.10.64190.50.10.10.0279
BOU-DD25-609271.6273.60.571132.00.00.10.05162
BOU-DD25-609276.1277.11.23221.00.20.63.919245
BOU-DD25-609348.7349.90.44161.20.00.91.54112
BOU-DD25-609375.7376.20.47340.50.10.63.18171
BOU-DD25-609376.9377.90.51351.00.10.73.27179
BOU-DD25-610275.0275.50.26450.50.10.71.18116
BOU-DD25-610461.0462.40.53201.40.00.50.91199
BOU-DD25-610465.1465.63.36670.50.11.20.816390
BOU-DD25-611208.0209.00.03511.00.11.50.0596
BOU-DD25-611210.0211.00.03511.00.11.60.1799
BOU-DD25-611471.4473.20.031221.80.00.10.37133
BOU-DD25-611788.0789.00.031041.00.00.30.05118
BOU-DD25-611842.2843.20.22501.00.62.51.08207
BOU-DD25-611844.1845.00.07420.90.31.31.14130
BOU-DD25-612256.9259.50.69202.60.10.00.0682
BOU-DD25-612271.0271.70.07530.70.20.10.0780
BOU-DD25-612390.3393.10.74412.80.30.20.32138
BOU-DD25-612420.9421.60.42160.70.11.84.011198
BOU-DD25-612446.7447.31.28220.60.10.10.26135
BOU-DD25-612471.4472.00.18390.60.10.30.5481
BOU-DD25-612585.7586.21.94250.50.10.82.38260
BOU-DD25-613170.0173.19.82513.10.20.11.25862
Including170.0171.223.66821.20.30.11.221,983
BOU-DD25-613577.9578.41.02360.51.30.10.55238
BOU-DD25-613616.8618.20.89451.40.70.10.25179
BOU-DD25-6149.210.10.26420.90.00.10.02667
BOU-DD25-61499.5100.00.35190.50.00.62.15116
BOU-DD25-614238.5239.00.5180.50.10.00.0354
BOU-DD25-614252.2252.71.55180.50.10.60.24167
BOU-DD25-614375.4376.01.15100.60.30.10.18130
BOU-DD25-614377.8378.51.13100.70.30.10.17128
BOU-DD25-614382.2382.70.72140.50.10.30.2789
BOU-DD25-614389.5390.41.111270.90.61.01.17318
BOU-DD25-61522.022.70.15440.70.10.30.1875
BOU-DD25-615294.6295.41.20320.80.10.10.54150
BOU-DD25-615452.0453.00.07521.00.21.41.66148
BOU-DD25-615488.5490.60.21632.10.10.10.41598
BOU-DD25-615501.8502.50.73660.70.30.52.036212
BOU-DD25-615504.8505.60.032770.80.00.00.14282
BOU-DD25-616139.9142.81.24232.90.30.10.96169
BOU-DD25-616434.0436.00.031982.00.00.20.116211
BOU-DD25-616468.1469.01.00580.90.21.30.57200
BOU-DD25-616480.9481.71.1390.80.00.10.115104
BOU-DD25-616527.7528.20.66310.50.10.11.110117
BOU-DD25-616532.3533.00.594520.70.30.54.25640
BOU-DD25-616606.3606.80.91550.50.30.00.09153
BOU-DD25-616615.9616.90.87531.00.30.10.010147
BOU-DD25-617164.0165.00.58131.00.00.10.21268
BOU-DD25-617187.0187.70.60310.70.00.20.01286
BOU-DD25-617190.0190.50.352480.51.30.61.910454
BOU-DD25-617374.2374.81.2030.60.00.10.12104
BOU-DD25-617497.3498.81.27481.50.30.10.111172
BOU-DD25-617558.5561.22.82352.70.10.00.010266
BOU-DD25-618411.7412.20.51130.50.10.10.43074
BOU-DD25-618456.2456.81.44260.60.20.10.25161
BOU-DD25-618459.4460.91.23441.50.70.10.16201
BOU-DD25-618580.9582.00.56321.10.40.00.017114
BOU-DD25-619127.8128.70.5300.90.00.00.0442
BOU-DD25-620203.0204.00.5201.00.00.00.0541
BOU-DD25-621387.6388.10.62210.50.11.00.65117
BOU-DD25-621389.0390.00.60211.00.10.30.6598
BOU-DD25-621561.4562.40.05641.00.01.20.1299
BOU-DD25-621570.4571.40.98281.00.11.12.04185
BOU-DD25-622248.0249.00.031141.00.25.710.723535
BOU-DD25-622254.0255.00.03861.01.10.10.437190
BOU-DD25-623182.9230.20.9439947.30.01.21.444540
Including189.0199.61.8448910.60.00.61.330681
Including216.5228.21.551,00211.70.13.53.0751,286
BOU-DD25-623416.0417.00.03901.00.00.00.0393
BOU-DD25-623470.4471.20.691040.80.10.10.137171
BOU-DD25-623558.0560.00.85242.00.00.10.318100
BOU-DD25-623614.2615.00.351040.80.30.80.389181
BOU-DD25-623658.8659.31.42240.50.00.10.129140
BOU-DD25-623676.1676.70.30590.60.00.25.111216
BOU-DD25-623694.0698.31.02974.30.10.10.110186
BOU-DD25-623744.1744.60.391450.50.70.30.240248
BOU-DD25-62487.088.00.5561.00.00.00.02050
BOU-DD25-624439.9441.41.90651.50.20.30.321241
BOU-DD25-624461.7462.61.00340.90.00.11.028143
BOU-DD25-624591.4593.80.24472.40.01.01.50129
BOU-DD25-624638.9639.40.45640.50.10.62.47181
BOU-DD25-624692.1693.80.03421.70.01.53.911181
BOU-DD25-624711.0712.20.46241.20.00.10.3469
BOU-DD25-62524.225.20.03671.00.00.00.0771
BOU-DD25-6260.0197.5 NSR
BOU-DD25-627605.8606.30.51250.50.00.10.1572
BOU-DD25-627672.0674.90.83172.90.00.10.31296
BOU-DD25-627690.3690.92.09230.60.10.91.69253
BOU-DD25-627691.7692.20.55150.50.01.00.87106
BOU-DD25-627738.0739.00.6321.00.00.00.0854
BOU-DD25-627744.0745.00.6331.00.00.00.0654
BOU-DD25-627776.1777.54.60361.40.30.10.05424
BOU-DD25-627791.8793.40.5451.60.00.10.1752
BOU-DD25-627795.0795.80.57140.80.00.51.110102
BOU-DD25-630167.0168.00.6301.00.00.00.01050
BOU-DD25-633163.0165.00.6122.00.00.00.0750
BOU-DD25-633239.7240.60.5150.90.00.00.01746
BOU-DD25-633262.0263.00.53201.00.01.00.01886
BOU-DD25-633275.8282.00.552936.20.04.32.1193498
BOU-DD25-633283.0283.60.62440.60.01.04.032216
BOU-DD25-633286.0287.00.34181.00.00.01.01270
BOU-DD25-633286.0288.00.45222.00.00.01.03483
BOU-DD25-633286.0289.00.43253.00.00.01.04084
BOU-DD25-633286.0290.00.43314.00.00.31.335102
BOU-DD25-633297.0297.80.60470.80.01.05.032242
BOU-DD25-633314.3319.01.45694.70.10.85.377339
BOU-DD25-633449.0450.00.7471.00.00.00.01368
BOU-DD25-633451.0452.00.7071.00.00.00.01364
BOU-DD25-633460.0461.00.6661.00.00.00.0859
BOU-DD25-633462.0463.01.45101.00.00.00.018125
BOU-DD25-633467.0468.00.7961.00.00.00.0869
BOU-DD25-633469.0470.00.8571.00.00.00.0775
BOU-DD25-633474.0478.01.1994.00.00.00.07103
BOU-DD25-6350.0201.0 NSR
BOU-DD25-6370.0515.4 NSR
BOU-DD25-642404.9405.51.3060.60.00.00.010110
BOU-MP25-0270.0198.0 NSR
BOU-MP25-029111.0112.00.48161.00.10.12.223116
BOU-MP25-0320.0159.0 NSR
BOU-MP25-0330.036.0 NSR
BOU-MP25-0450.0103.0 NSR
BOU-MP25-0460.0765.0 NSR
BOU-MP25-0470.0537.0 NSR
BOU-MP25-0480.0477.0 NSR
BOU-MP25-0490.0200.0 NSR
BOU-MP25-0500.0204.0 NSR
BOU-MP25-0510.0252.0 NSR
BOU-MP25-0520.0156.0 NSR
BOU-MP25-0532.0252.0 NSR
BOU-MP25-0540.0204.0 NSR
BOU-MP25-0550.066.0 NSR
BOU-MP25-0560.0250.0 NSR
BOU-MP25-0570.0250.0 NSR
BOU-MP25-0580.0204.0 NSR
BOU-MP25-0590.0108.0 NSR
BOU-MP25-0600.0250.0 NSR
BOU-MP25-0610.0156.0 NSR
BOU-MP25-0620.0250.0 NSR
BOU-MP25-0630.0108.0 NSR
BOU-MP25-0640.0126.0 NSR
BOU-MP25-0650.0160.0 NSR
BOU-MP25-0660.0156.0 NSR
BOU-MP25-0700.0102.0 NSR
BOU-MP25-0710.0126.0 NSR
BOU-MP25-072268.8269.30.03760.50.110.95.22477
BOU-MP25-0730.036.0 NSR
BOU-MP25-0740.036.0 NSR
BOU-MP25-0750.012.0 NSR
BOU-MP25-0760.084.0 NSR
BOU-MP25-0770.0102.0 NSR
BOU-MP25-07918.019.00.8611.00.00.00.04471
BOU-MP25-08096.097.00.03421.00.00.00.0246
BOU-MP25-08183.090.00.602577.00.14.14.08506
BOU-MP25-08199.0100.00.11361.00.00.52.05106
BOU-MP25-081140.0141.00.80111.00.00.10.11780
BOU-MP25-081145.0151.00.73576.00.11.01.789188
BOU-MP25-081183.0185.01.732402.00.03.25.11127602
BOU-MP25-081196.0201.00.553495.00.11.62.3181499
BOU-MP25-083147.0148.00.5761.00.00.00.02352
BOU-MP25-083149.0150.00.5861.00.00.00.02253
BOU-MP25-083164.0165.00.7621.00.00.00.0363
BOU-MP25-083720.0722.00.0102.00.00.00.022
BOU-MP25-0840.0150.0 NSR
BOU-MP25-0850.0120.0 NSR
BOU-MP25-086240.2241.00.92160.80.00.10.11992
BOU-MP25-086241.8242.60.4590.80.00.00.01447
BOU-MP25-086287.4289.80.71312.40.10.43.197182
BOU-MP25-086341.2343.01.04931.80.10.40.187197
BOU-MP25-086347.0348.00.53271.00.00.40.52092
BOU-MP25-086349.0350.00.19381.00.00.10.03757
BOU-MP25-086352.4356.00.95443.60.00.92.022191
BOU-MP25-086381.3382.30.36291.00.00.40.01567
BOU-MP25-087112.0117.00.692095.00.02.03.236396
BOU-MP25-087138.4153.43.311,90015.00.01.84.81262,323
Including142.0150.75.373,2088.70.02.86.31673,858
BOU-MP25-087160.0164.81.183114.80.04.04.4282614
BOU-MP25-087256.8257.30.68450.50.00.42.019160
BOU-MP25-087268.4268.94.631420.50.00.42.539576
BOU-MP25-087276.2276.70.18450.50.01.13.16163
BOU-MP25-088304.0306.01.10282.00.00.10.2172126
BOU-MP25-088368.4369.00.29660.60.00.20.11299
BOU-MP25-088414.3416.30.86492.00.10.10.514141
BOU-MP25-088539.5543.51.24574.00.10.53.615261
BOU-MP25-088547.3548.31.09231.00.00.21.212145
BOU-MP25-088584.6588.11.16323.50.10.50.14148
BOU-MP25-088598.6599.60.63261.00.20.92.533173
BOU-MP25-088603.2604.10.5960.90.00.10.1655
BOU-MP25-088634.0635.00.46161.00.00.10.0355
BOU-MP25-0900.036.0 NSR
BOU-MP25-092109.0110.00.03661.00.00.00.0069
BOU-MP25-092114.0115.00.03651.00.00.40.7194
BOU-MP25-092314.4315.30.22370.90.00.00.0756
BOU-MP25-092320.0322.30.783612.30.03.13.61094610
BOU-MP25-092326.2327.61.01981.40.01.01.9107252
BOU-MP25-0939.010.00.6811.00.00.00.1657
BOU-MP25-093434.9435.80.84280.90.00.30.197107
BOU-MP25-093444.0445.01.12431.00.00.10.0128137
BOU-MP25-093463.1464.00.24400.90.30.10.41595
BOU-MP25-093519.9520.41.11470.50.11.26.8256341
BOU-MP25-094258.0259.00.8721.00.00.00.0172
BOU-MP25-094481.0482.01.20101.00.00.20.012110
BOU-MP25-094497.6498.60.5991.00.00.10.3563
BOU-MP25-094657.0659.00.19682.00.20.30.024103
BOU-RC25-0020.0150.0 NSR
BOU-RC25-0030.0200.0 NSR
BOU-RC25-0040.081.0 NSR
BOU-RC25-0050.0100.0 NSR
BOU-RC25-0060.0150.0 NSR
BOU-RC25-0070.0200.0 NSR
BOU-RC25-0080.0250.0 NSR
BOU-RC25-0090.0200.0 NSR
BOU-RC25-0100.0200.0 NSR
BOU-RC25-0110.0204.0 NSR
BOU-RC25-0120.0200.0 NSR
BOU-RC25-0130.0200.0 NSR
BOU-RC25-0140.0200.0 NSR
BOU-RC25-0150.0200.0 NSR
BOU-RC25-0160.0200.0 NSR
BOU-RC25-0170.0200.0 NSR
BOU-RC25-0180.0200.0 NSR
BOU-RC25-0190.0200.0 NSR
BOU-RC25-0200.0200.0 NSR
BOU-RC25-0210.0200.0 NSR
BOU-RC25-0220.0200.0 NSR
BOU-RC25-023101.0102.00.03781.00.10.91.23136
BOU-RC25-02650.056.037.033346.00.21.02.8903,336
Including50.052.0102.38942.00.11.02.4948,163
BOU-RC25-027133.0137.02.10944.00.21.05.318432
BOU-RC25-0310.0192.0 NSR
BOU-RC25-0320.0200.0 NSR
BOU-RC25-0340.0200.0 NSR
BOU-RC25-0350.0150.0 NSR
BOU-RC25-0360.0144.0 NSR
BOU-RC25-0370.0200.0 NSR
BOU-RC25-039132.0133.00.48211.00.00.41.644111
BOU-RC25-039146.0149.01.44313.00.00.10.517161
BOU-RC25-039166.0168.01.39742.00.13.37.130448
BOU-RC25-04022.023.00.037341.00.00.00.05737
BOU-RC25-04028.031.00.25493.00.01.02.515156
BOU-RC25-0410.0102.0 NSR
BOU-RC25-0420.0132.0 NSR
BOU-RC25-04374.075.00.49321.00.00.30.31186
BOU-RC25-043132.0140.00.99448.00.00.00.132129
BOU-RC25-043146.0149.02.30173.00.00.10.110203
BOU-RC25-043152.0161.02.69459.00.10.10.113268
Including154.0159.04.44675.00.20.10.114432
BOU-RC25-04442.043.00.032971.00.00.00.03300
BOU-RC25-0460.0200.0 NSR

* True widths are undetermined; all values are uncut.

** All intersections are in core lengths. Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag.

Appendix 2 - New Drillhole Coordinates of 2025 Boumadine Exploration Program (completed holes)

DDH No.EastingNorthingElevationAzimuthDipLength (m)
BOU-DD25-64529952634723731278180-50228
BOU-DD25-64629952634724071269180-50234
BOU-DD25-64731883034735221279250-50714
BOU-DD25-64829952634725551292180-50216
BOU-DD25-64929952634724481268180-50228
BOU-DD25-65031573634768091264270-50501
BOU-DD25-65129940634725421316180-50216
BOU-DD25-65229940634726231307180-50300
BOU-DD25-65329940634725421316180-50270
BOU-DD25-65431560734772101287270-50537
BOU-DD25-65529940634726601301180-50315
BOU-DD25-65629992534723251296180-50225
BOU-DD25-65731890034733361271250-50702
BOU-DD25-65829992534723251296180-50272
BOU-DD25-65931567734772091272270-50501
BOU-DD25-66029992534723911276180-50219
BOU-DD25-66131906934734001286250-50900
BOU-DD25-66229992534724311275180-50237
BOU-DD25-66330056034726601270180-50234
BOU-DD25-66431577134772091282270-50516
BOU-DD25-66530056034726951259180-50225
BOU-DD25-66630056034727321250180-50201
BOU-DD25-66731577134772091282270-50516
BOU-DD25-66830740634690171292150-50153
BOU-DD25-66930738434690551292150-50207
BOU-DD25-67031591934772081257270-50567
BOU-DD25-67130719334693841264150-50171
BOU-DD25-6723170513474754127170-50237
BOU-DD25-67330717734694131255150-50201
BOU-DD25-67431559934774101308270-5039
BOU-DD25-67530708634695701261150-50528
BOU-DD25-67631559934774101308270-50540
BOU-DD25-67731700534753281245250-5060
BOU-DD25-67831926334732621281250-501011
BOU-DD25-67930690534690861330150-50150
BOU-DD25-68031727334765501208250-5081
BOU-DD25-68131575234774101291270-50588
BOU-DD25-68231708934772001211250-50318
BOU-DD25-68331940134733121254250-50648
BOU-DD25-68430688434691211323150-50228
BOU-DD25-68531589634774101266270-50516
BOU-DD25-68631604534774101253270-50501
BOU-DD25-68730684534691901312150-50339
BOU-DD25-68831539634771071268270-50111
BOU-DD25-68930603334687871308150-50276
BOU-DD25-69031619534774101238270-50537
BOU-DD25-6913157703477821125690-5036
BOU-DD25-69230605234687531315150-50210
BOU-DD25-69331739534769911198250-50813
BOU-DD25-69430628934687501386150-50204
BOU-DD25-69531634734774131228270-50541
BOU-DD25-69631567534777561256270-50549
BOU-DD25-69731574334777561241270-50618
BOU-DD25-69831562334779071274250-50510
BOU-DD25-69930601534688191296150-50324
BOU-DD25-70030627134687811380150-50225
BOU-DD25-70230625234688151373150-50282
BOU-DD25-70330623534688451361150-50300
BOU-RC25-047315086346083310260-50165
BOU-RC25-048315080346080410280-50200
BOU-RC25-049315079346077110260-50200
BOU-RC25-050315084346074710220-50200
BOU-RC25-05131457734607521054315-50200
BOU-RC25-05231459834607271008315-5096
BOU-RC25-05331462534607041047315-50200
BOU-RC25-05431464534606751041315-50200
BOU-RC25-05531467234606471034315-50200
BOU-RC25-05631444334603471057315-50200
BOU-RC25-05731446734603101048315-50180
BOU-RC25-05831449734602951040315-50200
BOU-RC25-05931452034602811039315-50200
BOU-RC25-06031454734602411033315-50192
BOU-RC25-06131456934602201033315-50166
BOU-RC25-06231438234598031033295-50188
BOU-RC25-06331434734598101035295-50168
BOU-RC25-06431431634598241040295-50180
BOU-RC25-0653151783457448967130-50200
BOU-RC25-0663151783457448967130-50200
BOU-RC25-06731539434576001037130-50200
BOU-RC25-0683150663457213984130-50150
BOU-RC25-0693151013457183981130-50100

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/50ab5c96-fae5-4f6b-af57-0d59e848fab4
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ab33e13-2659-4573-b3b3-46cfe06408c0
https://www.globenewswire.com/NewsRoom/AttachmentNg/f8d2e64a-fa5b-4963-af0d-6d724a4afab0
https://www.globenewswire.com/NewsRoom/AttachmentNg/6e4f6fe6-2817-45a6-8b14-b7c4aa2e4cad
https://www.globenewswire.com/NewsRoom/AttachmentNg/c284773a-b21e-4bb2-92d8-6381d60c3ca6
https://www.globenewswire.com/NewsRoom/AttachmentNg/57f4ff0a-56f9-4aff-a156-5a89493aa944


© 2025 GlobeNewswire (Europe)
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